The federal government says it will boost power generation and stabilise the national grid with an “investment plan ofAdebayo Adelabu, minister of power spoke on Tuesday at the opening ceremony of the ongoing Nigeria Energy Summit in Lagos.
The minister also said the federal government is ramping up preparations to attain at least 20,000 megawatts of electricity generation in the next three years.“The Nigerian government is actively advancing the power sector through various measures,” Adelabu said. “That is why my tenure would focus on growing power generation to 20,000 megawatts in the next three years. But the target would be impossible without investments from all investors across the sector’s value chain.“From the utilities to transmission and generation companies; everyone must be ready to invest to achieve the target.”
On power transmission, the minister said Nigeria’s power sector challenges will come to an end if the Nigerian Electricity Supply Industry can transmit over 85 percent of generated power to customers to stay liquid.
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FG eyes $20m power sector investment, targets 20,000MW in three yearsAdebayo Adelabu, the Minister of Power, says the government is targeting a $20 million investment to ramp up power generation to 20,000 megawatts by 2026.
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